Adri Nieuwhof, The Electronic Intifada, 27 October 2009
"Several Western pension funds and financial managers hold shares in two Israeli banks: Bank Hapoalim and Bank Leumi. Both banks operate in and offer loans to finance illegal settlement activities in the occupied Palestinian and Syrian territories.....
Bank Hapoalim and Bank Leumi are involved in other violations of international law by providing mortgages to settlers for the purchase of property in the settlements.....
The two banks also offer credit for settlement construction projects. Digal Investments and Holdings, an Israeli construction and real estate company, is developing a gated community in the Nof Zion settlement located in occupied East Jerusalem......
Both Bank Hapoalim and Bank Leumi have relationships with European and American financial institutions and fund managers......
Like the companies involved in the Jerusalem light rail project and operating in Israel's industrial zones built on occupied land, European and American investors in Bank Hapoalim and Bank Leumi should expect increased scrutiny and pressure from international human rights activists to divest their holdings."
"Several Western pension funds and financial managers hold shares in two Israeli banks: Bank Hapoalim and Bank Leumi. Both banks operate in and offer loans to finance illegal settlement activities in the occupied Palestinian and Syrian territories.....
Bank Hapoalim and Bank Leumi are involved in other violations of international law by providing mortgages to settlers for the purchase of property in the settlements.....
The two banks also offer credit for settlement construction projects. Digal Investments and Holdings, an Israeli construction and real estate company, is developing a gated community in the Nof Zion settlement located in occupied East Jerusalem......
Both Bank Hapoalim and Bank Leumi have relationships with European and American financial institutions and fund managers......
Like the companies involved in the Jerusalem light rail project and operating in Israel's industrial zones built on occupied land, European and American investors in Bank Hapoalim and Bank Leumi should expect increased scrutiny and pressure from international human rights activists to divest their holdings."
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